Consider the following statistics:
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Nearly 30 percent of students do not finish high school. The dropout rate among African Americans, Hispanics, and low-income students is nearly 50 percent.
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Only 42 percent of young people who enroll in college complete a bachelor’s degree by the age of 26. Just 12 percent complete an associate’s degree. Among low-income students, the baccalaureate completion rate is just 26 percent, while only about 14 percent earn an associate’s degree.
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By 2018, 63 percent of all U.S. jobs will require some sort of postsecondary education.
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In 2008, the average wage for adults 25 and older with a four-year degree was $60,954, compared to $33,618 for those with only a high school diploma and $24,686 for those with no high school diploma.
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Nearly 22 million new workers with postsecondary degrees will be needed by 2018, but it is estimated that the U.S. higher education system will fall short of that number by 3 million graduates.

